This comes after United Kingdom told India that it cannot deport the liquor baron under its laws but can help with his extradition.

Mallya, whose passport was cancelled last month, is wanted in India for over Rs 9,000 crore in unpaid loans.

New Delhi had requested London for his deportation, which is faster than extradition under a treaty between two governments.

“Acknowledging the seriousness of the issue, the UK has requested India to consider requesting mutual legal assistance or extradition,” said the MEA.

Mallya, 60, is also being probed for money-laundering. He flew to London on March 2 as banks attempted to recover Rs 9,000 crores loaned to his defunct Kingfisher Airlines.

As per legal experts, Mallya has every chance of seeking legal asylum from the UK courts by stating the move was a result of political vendetta even though he was negotiating with creditors to repay lenders and there is no clear evidence of money laundering against him.

The Enforcement Directorate is looking at whether the liquor baron used part of a loan to purchase properties abroad, an allegation he has denied.

The flamboyant businessman has ignored a series of orders to return to India to face investigations and his creditors.